LAMEA Converter Transformer Market Size, Share & Industry Trends Analysis Report By Application (Grid Connections, Wind Farms, and Oil & Gas), By Type (401-600 Kv, 201-400 Kv, and 601-800 Kv), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Latin America, Middle East and Africa Converter Transformer Market would witness market growth of 15.5% CAGR during the forecast period (2022-2028).
High flux is used in converter transformers. The converter's four steps per cycle produce greater acoustic noise than standard three-phase power transformers. When deciding where to locate an HVDC converter station, this effect should be considered. Enclosures that reduce noise can be used.
Three-phase, two-winding, single-phase, three-winding, and single-phase, two-winding converter transformers are all possible configurations. The windings on the valve side are connected in a star and delta pattern, with the neutral point left unground. The transformers are linked in parallel with the neutrality grounded on the ac side. To restrict short-circuit currents via any valve, the transformer's leakage impedance is typically set between 15 and 18 percent.
The rapid development in the power electronic sector would open up new growth opportunities for the Global Converter Transformer market. The converter transformer market is expected to increase in tandem with the increasing adoption of renewable energy-producing projects. Growing trends in the power sector toward the adoption of renewable energy production have prompted many countries to progressively invest in renewable energy projects, and these unique transformers assist them in enhancing their unconventional power generation capacities.
Throughout the year, the best orientation (azimuth) for fixed solar panels in Dubai is South (0° S), with an inclination (tilt) of roughly 24° relative to the horizontal plane. This enables an annual irradiation rate of roughly 2000-2100 kWh/m2yr on a horizontal plane. When both direct and dispersed radiation is considered, this equates to around 1500-1800 kWh/yr per kWp implemented in Dubai. Small adjustments in these variables have no discernible impact on productivity. Maintaining a South direction and adjusting the tilt from 5° to 40°, for example, can result in a 5 percent energy decrease. By altering the orientation of Pv panels from -60° to +60°, it is also able to remain below a 5% loss. If the slant is kept at 24 degrees, any shadows on the Pv panels must be avoided at all costs, since this will result in a significant reduction in system performance.
As opposed to solar thermal collectors, every shade cast on a PV array reduces the amount of energy produced significantly. Furthermore, partial shading on PV modules creates pressure on shadowed PV cells, which can lead to local temperature escalation (hotspots) and affect the lifespan and safety of these components, especially in the UAE, where the beam portion of solar radiation is high.
The Brazil market dominated the LAMEA Converter Transformer Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $84.1 Million by 2028. The Argentina market is anticipated to grow at a CAGR of 16.1% during (2022 - 2028). Additionally, The UAE market would showcase a CAGR of 15.1% during (2022 - 2028).
Based on Application, the market is segmented into Grid Connections, Wind Farms, and Oil & Gas. Based on Type, the market is segmented into 401-600 Kv, 201-400 Kv, and 601-800 Kv. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Siemens AG, General Electric (GE) Co., Toshiba Corporation, Mitsubishi Electric Corporation, Kirloskar Electric Co. Ltd., CG Power & Industrial Solutions Ltd., Bharat Heavy Electricals Ltd., and Xi'an Xidian Transformer Co., Ltd.
Scope of the Study
Market Segments Covered in the Report:
- Grid Connections
- Wind Farms
- Oil & Gas
- 401-600 Kv
- 201-400 Kv
- 601-800 Kv
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- ABB Group
- Siemens AG
- General Electric (GE) Co.
- Toshiba Corporation
- Mitsubishi Electric Corporation
- Kirloskar Electric Co. Ltd.
- CG Power & Industrial Solutions Ltd.
- Bharat Heavy Electricals Ltd.
- Xi'an Xidian Transformer Co., Ltd.
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